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China's Bursting Bubble + Grexit Trouble = Dow Rubble
Straw ... meet camel's back...
Before we start, it is perhaps worth noting that the US equity market is now the worst performing asset YTD (beaten by gold, credit, bonds, and oil)...
Year-to-Date, Trannies are ugly, The Dow just went red then was liofted to close pefectly unchanged YTD, and the S&P is up less than 1%...
Dow 17823 was what mattered - MUST KEEP GREEN STOCKS YTD DREAM ALIVE...
Chug it pic.twitter.com/ZsiVN96uWo
— StockCats (@StockCats) April 17, 2015
Big down day in stocks started with Chinese regulators cracking down, continued through Europe with BBG down, pushed further on Grexit fears, then legged lower on DoJ anti-trust news...
On the day, Nasdaq came under pressure from AAPL weakness and Trannies outperformed (Dow lost 18,000; S&P lost 2,100; Nasdaq lost 5,000) and all that with a handful of hopeful Greek headlines which typiucally would have sent algos rushing higher...
On the week... everytthing ended clumped together around 1-1.5% lower....
Futures volume was huge compared to recent averages...
How many more times are stocks going to pump'n'dump back to bond reality?
Another whipsaw day in bond yields and another down day for yields ending the week 6-11bps lower (with the long-end outperforming today)... Everey bond selloff is met by buying...
The dollar slipped once again - the first 4 day losing streak in a year (since April 10 2014) - the streak of buying and selling swings intraday continues also...
This is the 2nd worst week for the USD since October 2011
Despite the USD weakness, gold and silver lost ground on the week (Gold held $1205) but copper popped and crude soared...
WTI Crude had its biggest week since Feb 2011 surgiung 8.75% to close above $56 for the first time in 2015...
Charts: Bloomberg
Bonus Chart: US Macro data has printed a new low this week...
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Where's the deer in the headlights ??? Please.....I'm bored of e-trade baby and you get nothing :-)
Article should read,
Global trouble=bigger Dow bubble
most adjectives since Lehman.
I think, I can never earn over which I paid by my precedent employer, but I was wrong, world is so large to try their fate.but now I am making $92/hr even more, can easily minimum $1700/week, on the experience everyone must try to do work online, easy way to earn, here's an example what I do... www.globe-report.com
Huge volume burst on all indices’ 2-min charts ~2:18-2:20 were VWAP algo’s signature, ~1 HR target, hit perfectly in unison on all major indices ~3:35, over 100 Dow pts. But no, it's not the “machines"
15,000 ES contracts went through on 1 minute bar plus there was tick divergence on the low so it would have been rude not to buy,,,which i did. Trade your set-ups bro and make the machines work FOR us.
As a full-time trader, would never suggest fighting ‘em, but talk of the horrors of HFT, front-running pennies that obviously add up, is overblown, IMO, algos have greater impact on monthly account values, setting price like any cartel. The “true” target without them today would have likely been the 100 DMAs on QQQs and SPY. No way were Joe Investor orders pouring in that resolved precisely at the orange line.
Anybody can sign up and use VWAP algos through Interactive. It may be machines but they've been democratized.
The 'democrat' who says "gee, try and get me the v-avg price over a set period, I'm a god-fearing believer in democracy" doesn't realize they've hired a dictator that despotically smashes markets higher, artificially pumping price just to allow selling at the silly orange line so they (big boys) can get paid, ignoring the actual balance of demand, before dumping after-hours.
a wonderful job of preventing the 2% + loss below the 300 point mark in the last 30 minutes....
fucking hilarious...
yes the sheeple get a little skittish at -300...
... it is perhaps worth noting that the US equity market is now the worst performing asset YTD (beaten by gold, credit, bonds, and oil)...
To be even worse than oil YTD, that is downright hilarious indeed. And, you need a fully rigged marked plus a whole bunch of Phd's for that, too...
nice how they really went after Silver today while Gold finished just slightly off its highs....
anyone that doesnt beleive that Silver is the most hated by the MoneyChangers cause its within the reach of the common folk is seriously trippin'....
http://www.kitco.com/charts/livesilver.html
So true ! Which is why I love buying it... physical only.
100% agree. The gold is too expensive for me, but I am buying physical silver as fast as I can save the cash...
Thank god I am single and childless.
I hope the Gold Silver ratio goes to 100+. EZPZ
Perilous Times
WTF Janet? I went all in on your reco.
Planet Schmanet, Janet [/Frank-N-Furter, Rocky Horror Picture Show]
Interplanet Janet, she's a galaxy girl (or boy).
https://www.youtube.com/watch?v=vmYVWJ82dQQ
The A-B-C upside rally should end Monday, the look out below.....
I'm hoping for a rally on Monday. I have a spread and would like my calls to gain some money to add to my puts.
When is Helicopter Ben Shalom starting his new gig at the HFT firm, so he can do his magic?
holy fucking drama queen TD!! you win "best in show" congrats!!!
There is no economy remaining - just financial markets.
pfft, who needs an economy?
BTFD
“Kid” by hometown hero Chrissie Hynde, w/ The Pretenders
Kid, what changed your mood?
You've gone all short, said I should short too
I think you know some things
They didn’t want you to know
You think they’re wrong, I can tell you do
Had to use your brain, though they don’t want you to
Kid my only kid
You sold your calls late last night
Now that you know what it’s about
I won't deny it
But you can’t forgive, now you understand
If you turn things on their head
You'll force their hand
All you’ve borrowed, all you’d lose
All you’ll borrow
Short FXI … go away
Full retrace, you’ll cover at $8
Bid, baseless bids
The lies shine through, so you won’t buy
Though your QE fears are so real
Think they won’t let it go
Oh-o-o-oh
(crystalline arpeggios fade out)
KCS ... A for effort, F for Pretenders what a terrible band, makes my ears hurt...
just my humble opinion...
?? Everybody knows the Pretenders are fucken awesome.
Well their first three albums anyways.
Airplay of "message of love", etc., way out of proportion, album filler makes "best of" the only worthy purchase, but ... a few tracks are essential bridges between late 70's/early 80s, like "Kid" and "Talk of the Town", subtly intricate chord patterns, very good production/arranging make the best of tunes' key moments vs. others on radio at the time, IMO.
Hey Squid.... and I thought I was the only person who felt visceral pain when Crissy sang......
AC & Squid: blame the Chinese, was all prepared to post The Eagles "Lyin' ICE" or The Ramones "I Wanna Be Fellated" or Elton John's "Your (Algo's) Song or Black Sabbath "Paranoid", but this one had an FXI reference -- gotta be topical :)
Nice work as always KCS. I'll take some Black Sabbath, with an extra dose of Paranoid. ;-D
no worries....i look forward to "lyin ice" someday....
Hah! Never would've pegged you as a headbanger, YC, but now I picture you in your mom's living room while a youngster, cranking Iron Man and Supernaut, while pasting together custom JPY charts with Elmer's glue-all.
No worries next weeks bad data will bring everything back up to where its not supposed to be. This is just a dip... and I'm buying it!!
MY DATE FOR TONIGHT:
<img src="http://staticd.cdn.adblade.com/banners/images/224x168/6187_55302ec4c06c3.jpg" alt="pic" />Awww - the html ain't working, BUT SHE'S HOTTTTTTTTTT.
Some commenters manage to embed images.
What's the secret code?
way back when.. we had a guy named "robotrader" and he always had the hottest pics to entertain the short bus and give the bears something to look forward to
TPTB are so fucking scared to see any kind of drop in the market because of what it could mean and how easy things could get out of control. Let's see what happens Monday morning...
News flash - they can just print numbers.
Dammit, I don't want $3 gasoline this early in the year. Yeah, $57 oil should be $1.90 but this is the gouge your eyes out fuck you up the ass with a dry pinecone new normal.
Out here in the LA they put plenty of tax on gasoline just to drive you to buy a Prius.
The emperor got caught with his knickers around his ankles, whilst reading midget tranny porn in the outhouse today.
Based on the attention span of the average homo sapien, the emperor will be ready to BTFD Sunday in Asia.
~ Never let a good crisis go to waste~ Boo Yah.
That bonus chart gives you a glimpse of what could be coming if people lose faith in the ability of the Fed to prop this market up. With liquidity as scarce as it is, put your seatbelts on for these next few weeks.
Now would be a great time go get that trick optic you've always wanted for your AR...
A little OT but I had the strange notion to wish you bitches a farewell!
I'm quite sure this all has run it's course and then some. No hard feelings I hope, the majority of you are pretty alright, some are definitely shitfaces, but I definitely had some laughs, learnt some things, and we'll leave it at that.
So Adios!! See you motherfuckers at the (r)Evolution!!
Peace
Trannies are always ugly.
trivia question....
what do you call a -280 pt day on the djia?
(a good start)
Time to buy more FAZ. Better than a lottery ticket, falls to a nickel on the dollar but never to zero like a lottery ticket.
Even better than being raped by HFT que jumpers. in any other component of society que jumpers would get punched in the nose.
Damn the Securities Modernization Act and banks being classified as commercials which disconnected Wall St from Main St. Like a fat cat, Banks using big money to push everyone out of almost every poker hand. It only takes one hand to wipe him out.
The banks are like the King who wore no clothes fable. Infallible my ass!!!!!!!
FAZ FAZ FAZ FAZ!!! I am in it to win it! I say FAZ will trade at least in the 150 range by end of year.
Seems the Greeks cut a deal with Russia and the Turk Pipeline project. They'll - ALLEGEDLY - will sign the deal on tuesday next week and get 3-5 billion euros in advance payment. So it is written, will it be done?
In light of this I'm asking myself if Yannis' visit in Crime Central has something to do with it? Like asking for permission and to beg to call off Gladio?
Link in german:
http://www.spiegel.de/politik/ausland/griechenland-plant-milliardendeal-...
http://www.naturalgaseurope.com/analysis-turkish-stream-southern-gas-cor...
Greece may have to leave the EU?
There's also talk of a Greek deal to buy Russian S300 rockets. Why wouldn't the Russians finance the buyers of their military hardware just like the US or the Germans?
3-5 billion is buying Greece a couple months at most.
i ate some bad feta last week....it ended up doing sort of a "grexit" all by itself....
The reason precious metal are not stronger is because the cabal knows that they represent a solid value alternative to fiat currencies and they can't tolerate (both financially and psychologically) the dollar dropping to a level that would be consistent with the irresponsible money creation by the fed and other central banks. Accordingly, they continue there program of using pseudo tax dollars to massively short the metals market at a loss - at US taxpayer expense eventually (when the inevitable second bailout arrives). Anyone thinking that the US$ represents a safe store of value is either part of the cabal or beholden to them.
Stay solid, stay tangible.